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CrowdStrike Chaos: (Re)Insurers could withstand preliminary loss estimates, says Fitch
``We expect claims will be mostly within the retentions of primary...
Govt to release financial sector vision, strategy document for 5 years, rules for FDI to be simplified
Shailaja Lall, Partner, Insurance & Reinsurance, Shardul...
Global AI software market to hit $62 billion in 2022, says Gartner
The top five use cases for AI software spending in 2022 will be knowledge management, virtual assistants, autonomous vehicles, digital workplace and crowdsourced data. Global artificial intelligence (AI) software revenue is forecast to reach $62.5 billion in 2022, an...
New York declares State of Emergency amid spike in Covid-19 infection
The state of emergency amid concerns over the new Omicron coronavirus variant detected in southern Africa. The United States, the United Kingdom, Canada, and many European countries imposed new restrictions on foreign nationals travelling from countries in the region...
micron variant in ‘fluid motion’:Dr Anthony Fauci
Dr Anthony Fauci, America's top infectious disease expert On whether the new variant evades antibodies, Fauci explained, "when you look at a mutation it is going to give you a hint or indication that it might evade the immune response. You need to get that particular...
Explainer: How worried should we be about the Omicron variant?
Omicron's mutations are likely to render certain COVID-19 treatments - including some manufactured antibodies - ineffective, said Dr. David Ho, professor of microbiology and immunology at Columbia University. Experimental antiviral pills - such as Pfizer Inc's...
RBI may increase minimum capital for a new universal bank to Rs 1,000 crore, no corporate ownership of banks
Bajaj Group, Piramal Group and Reliance Industries had shown interest in expanding into banking, Mumbai: India's central bank said on Friday it would reform rules on the structure of private sector banks but a source familiar with the matter said the changes would not...
Sebi asks RTAs to publish investor charter, disclose complaint data on websites
Also, Sebi asked stock exchanges, depositories and clearing corporations to disclose on their websites the data on complaints received against them and redressal thereof. This came after the Securities and Exchange Board of India (Sebi) came out with investor charter...
Investors lose Rs 7.35 trn as markets plummet over new variant concerns
"Equity markets have plunged almost 2 per cent amid the emergence of a new, highly mutated Coronavirus (COVID-19) variant. The EU announced a temporary ban of flights from South Africa and few EU countries are already under full lockdown scenario. Mumabi: With...
India needs national disaster pool to hedge natural disaster risks: Report
Since 2001, a total of 100 crore people have been impacted and nearly 83,000 lost lives due to these disasters. If the losses are adjusted with current prices, the losses come out to a staggering Rs 13 lakh crore or 6 per cent of the GDP, State Bank of India (SBI)...
Bihar, J’khand, UP among poorest states; Kerala, Goa have lowest poverty: Niti Aayog
Kerala (0.71 per cent), Goa (3.76 per cent), Sikkim (3.82 per cent), Tamil Nadu (4.89 per cent) and Punjab (5.59 per cent) have registered the lowest poverty across India and are at the bottom of the index. The report said India's Multidimensional Poverty Index (MPI)...
Mobile health teams save lives in Afghanistan’s most remote areas
It just one year old, Shahpirai’s son was suffering from severe malnutrition. Yet without the means or available facilities for him to receive proper health care, his mother could only hope he would improve at home.Shahpirai, 30, is the sole provider for her husband...